Rand walks the tightrope...for how long?
The tightrope for global markets to walk is very real right now, as they try to balance between the different economic, political and social news and updates.
For the Rand, this
Rand Reviews
Choppy Rand as global politics take centerstage
There is never a quiet news week when it gets near the end of the year, and this last week was no exception!
As US elections and stimulus took center stage,
Tide turns again for battered Rand!
Just when anyone would think it is looking like one way traffic for the Rand, it pulls a surprise back out of the blue!
After seeing the market shed almost 100c
Could you have seen R17/$ coming?
How the tables turn...
From the Rand running against all odds to break lower the week before, this week was a very different story, as we saw the local unit take
Rand roars to best levels in 6 months
Never underestimate the Rand is an old saying we have had to come back to over the years, time and time again...
...just when everyone is writing the ZAR off, that
GDP shocker leaves Rand shaky...
Another week of volatility plagued the Rand, as we saw more wild swings in value over the 5 days...
And it wasn't just the Rand, as all global markets suffered in
Volatile trade sees big swings in Rand markets
Volatility, choppy trade ... Rand up, Rand down ...
... this week had it all!
Wild swings seemed to be the order of the week, as we saw the local currency wobble
Dollar collapse is Rand's gain...as Elliott calls it again
A really choppy week for the Rand, as it battled the varying fortunes of the US Dollar which once again traded weaker...
It is a familiar story of the Rand being
Rand roars toward R17/$...did you see it coming?
As things hotted up in the US, the Rand traded yet stronger against the Dollar much to importers' delight, tracking perfectly as per our Elliott Wave count...
And once again, it
Rand pulls back as the US stimulus stalls
Some relief for the Rand finally came in, as failed stimulus talks in the US dragged on, and the Dollar's recovery stagnated.
It was a week of lots happening and not
Rand extends losses to test R17.70/$...where next?
Another intriguing week passes us by, with global events and news taking centre stage as the Rand melted weaker and weaker...
It has been an incredible turn of 'fortune' for the
Rand whiplashes to R17/$ (as predicted)
Well, well… it seems the elastic stretched just a little too far and snap went the Rand back to R17/$!
This had been coming for some time with the overextension of
Rand Volatile as Global Tensions Spike Even Higher
Another fascinating week of Rand markets saw us testing pre-pandemic levels once again, as the Dollar capitulation continued.
In a week which defied all expectations, we saw the Rand fighting off
Uncertain days for Rand as US/China tensions rise
It was a case of déjà vu for South Africans at the start of the week, as it felt like the same nightmare playing out all over again, with President
Rand pushes stronger on Dollar weakness
The quiet trading of the Rand stronger against the Dollar made for an interesting week, as investors and traders slowly unwound their emotions from the crazy last few weeks.
July has
Rand rallies to R17/$...but has it run out of steam?
Yet another week of the Rand moving counter to logic goes by, as we saw the market testing below R17/$ for the first time in 3 weeks...
...what could cause positivity
Rand holds ground despite budget...where to next?
Up and down, back and forth, to and fro for the Rand, as we saw the market volatile but mostly trading sideways.
This despite all of the news, supplementary budgets and
Rand slowly trades higher as we await a breakout...
Another interesting week goes by, as we saw the varying fortunes of the Rand playing out...
It was a mix of global and local news and events - and no shortage
Rand rallies below R17/$...did you see it coming?
Well, well...against all odds you might say, we saw another week of risk-on sentiment and Rand positive movement.
And boy, it could not have come a moment sooner for importers and
US & China tensions rise as Rand trades sideways...
Well, after the last few months that we have had, this week was one of the most welcome breathers we have had in recent times!
The Rand largely traded sideways, giving